theforexportal
Short

Is the EURO BULL run coming to an end?

FX:EURUSD   Euro / U.S. Dollar
57 views
4
57 0
The EURO has moved relentlessly forward since the beginning of the year and has climbed from 1.0340 to 1.1264 but with last week hitting the major 38.2 Fibonacci level and prices putting in a doji reversal candle, it may be time for the EURO to head south. On the Weekly, the TDI RSI line is outside the upper volatility band and is inside the reversal channel above 63. The RSI is also headed south.
Price is also at the upper side of a well-defined down channel .
On the DTF, price has recently crossed south over the signal line and market line and with market base line in the upper channel a move back to the centre is favoured.
H4 TF TDI is BULLISH so we may see a move north before the next leg down.
H1 TDI is similarly BULLISH and a move back north for a retest of 1.1190 has possibilities.
Look to SELL below 1.1100 or on a move back to 1.1190 area.
Price now 1.1152
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out